Industry Analysis & Industry Trends
During the recession, sluggish manufacturing production and slow retail spending reduced demand for freight transportation. However, industry conditions will improve as the economy stabilizes and demand for freight services increases. Furthermore, recovering consumer confidence and increased spending will support growth in freight volumes, boosting industry demand. However, the industry will face rising competition from other modes of transportation, such as rail, air and ocean... purchase to read more
Industry Report - Industry Products Chapter
The primary role of the Local Freight Trucking industry is to deliver goods on behalf of a third party. Activities in the industry can be broken into two groups: truckload and less-than-truckload (LTL). Although some companies specialize in one segment, most operators provide both truckload and LTL services. As demand from manufacturing and wholesale trade increases, local freight trucking is expected to benefit.
Value-added services, such as logistics, are becoming an increasingly important part of business for major players. These services are not included in the industry, but they do attract more business for industry operators. Likewise, many large companies generate revenue from other products that are directly associated with this industry... purchase to read more